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Buyer-supplier relationships and the stakeholder theory of capital structure

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Buyer-supplier relationships and the stakeholder theory of capital structure. / Banerjee, S; Dasgupta, Sudipto; Kim, Y.

In: Journal of Finance, Vol. 63, No. 5, 10.2008, p. 2507-2552.

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Banerjee, S ; Dasgupta, Sudipto ; Kim, Y. / Buyer-supplier relationships and the stakeholder theory of capital structure. In: Journal of Finance. 2008 ; Vol. 63, No. 5. pp. 2507-2552.

Bibtex

@article{8370e0a24f364327a927d8a9a4ec9083,
title = "Buyer-supplier relationships and the stakeholder theory of capital structure",
abstract = "Firms in bilateral relationships are likely to produce or procure unique products—especially when they are in durable goods industries. Consistent with the arguments of Titman and Titman and Wessels, such firms are likely to maintain lower leverage. We compile a database of firms' principal customers (those that account for at least 10% of sales or are otherwise considered important for business) from the Business Information File of Compustat and find results consistent with the predictions of this theory.",
author = "S Banerjee and Sudipto Dasgupta and Y Kim",
year = "2008",
month = oct
doi = "10.1111/j.1540-6261.2008.01403.x",
language = "English",
volume = "63",
pages = "2507--2552",
journal = "Journal of Finance",
issn = "0022-1082",
publisher = "Wiley-Blackwell",
number = "5",

}

RIS

TY - JOUR

T1 - Buyer-supplier relationships and the stakeholder theory of capital structure

AU - Banerjee, S

AU - Dasgupta, Sudipto

AU - Kim, Y

PY - 2008/10

Y1 - 2008/10

N2 - Firms in bilateral relationships are likely to produce or procure unique products—especially when they are in durable goods industries. Consistent with the arguments of Titman and Titman and Wessels, such firms are likely to maintain lower leverage. We compile a database of firms' principal customers (those that account for at least 10% of sales or are otherwise considered important for business) from the Business Information File of Compustat and find results consistent with the predictions of this theory.

AB - Firms in bilateral relationships are likely to produce or procure unique products—especially when they are in durable goods industries. Consistent with the arguments of Titman and Titman and Wessels, such firms are likely to maintain lower leverage. We compile a database of firms' principal customers (those that account for at least 10% of sales or are otherwise considered important for business) from the Business Information File of Compustat and find results consistent with the predictions of this theory.

U2 - 10.1111/j.1540-6261.2008.01403.x

DO - 10.1111/j.1540-6261.2008.01403.x

M3 - Journal article

VL - 63

SP - 2507

EP - 2552

JO - Journal of Finance

JF - Journal of Finance

SN - 0022-1082

IS - 5

ER -